Defiance electric plant sold again

Energy Capital Partners (ECP) acquired two gas/oil fired generating plants in a deal announced Jan. 30, in which an ECP subsidiary bought Richland-Stryker Generation in Defiance. ECP, a private equity firm with offices in Short Hills, N.J. and San Diego, Calif., that claims $11 billion in investment capital committed to its management, specializes in energy and energy-infrastructure investments.In the transaction, ECP picked up 464 megawatts of generating capacity: the 444-megawatt Richland Generation Station in Defiance and the 20-megawatt Stryker Generation Station located in Stryker, Ohio.Richland-Stryker Investment, a group led by Houston-based Quintana Infrastructure & Development, has owned the two generating stations since 2011, when it acquired them from Akron-based FirstEnergy Corp.Terms of the transaction were not disclosed.Quintana Infrastructure & Development is a subsidiary of Quintana Capital Group LP, a $650 million investment partnership that invests in oil, natural gas and generation assets.In announcing its purchase, ECP said the Richland and Stryker generating stations “are highly reliable resources located in a congested electric transmission corridor of northwest Ohio.”Cleveland-based Jones Day, the law firm that represented Richland-Stryker when it acquired the plants, also represented the company in selling them this week.

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